Garmin Dealer Agreement – What You Need to Know
Garmin, a renowned technology company that specializes in GPS devices, has been providing services to its customers for several years. The company has a vast network of dealers, who distribute their products to customers all over the world. However, to become a Garmin dealer, you must sign a Garmin dealer agreement. In this article, we will discuss the details of the Garmin dealer agreement and what you need to know before signing it.
What is a Garmin Dealer Agreement?
A Garmin dealer agreement is a legal document that outlines the terms and conditions for becoming a certified Garmin dealer. The document outlines the policies, requirements, and procedures that a dealer must follow to sell Garmin products, including GPS devices, fitness trackers, and other accessories. The agreement also defines the relationship between Garmin and its dealers and specifies the obligations of both parties.
Terms and Conditions of Garmin Dealer Agreement
The terms and conditions of a Garmin dealer agreement vary depending on the type of dealer. For instance, a retail dealer agreement has different requirements compared to a certified marine dealer agreement. Here are some typical terms that apply to most Garmin dealer agreements:
1. Territory Restrictions – Garmin typically assigns a specific geographical location to each dealer. This means that the dealer can only sell within a designated territory.
2. Minimum Sales Requirements – Dealers are required to meet a set minimum sales requirement to maintain their dealership status. Failure to meet these requirements may result in termination of the agreement.
3. Advertising and Marketing – Dealers are required to adhere to Garmin`s marketing and advertising guidelines when promoting Garmin products.
4. Pricing – Dealers must follow Garmin`s pricing policies for selling Garmin products. They cannot sell below a certain price, as specified in the agreement.
5. Warranty and Returns – Dealers are authorized to sell Garmin products with the same warranty as the manufacturer. They must also follow Garmin`s return policies.
6. Non-Compete Clause – Dealers are prohibited from selling competing brands.
7. Training – Dealers must attend training sessions and stay up-to-date with Garmin`s products to maintain their dealership status.
8. Product Availability – Dealers must follow Garmin`s policies on product availability, pricing, and promotions.
Conclusion
Becoming a Garmin dealer can be a great opportunity to increase your revenue, but it`s essential to understand the terms of the Garmin dealer agreement before signing it. The agreement defines the relationship between Garmin and its dealers, and outlines the requirements that dealers must meet to maintain their dealership status. By taking the time to understand the terms and conditions of the agreement, you can ensure that you are well-prepared to become a successful Garmin dealer.